Home deal for retired servicemen and women

Rae Bryden, manager at Joules in Gunwharf Quays, who was the Manager of the Year winner and was runner-up in the Fashion Store of the Year category at The News's Retail and Leisure Awards in 2016.  Picture: Sarah Standing (170883-5016)

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PEOPLE who have served in the armed forces are being given government cash to buy their first home.

The new scheme, called FirstBuy, will offer service personnel a 20 per cent loan of the price of the property, jointly funded by Barratt Homes and the Government’s Homes and Communities Agency.

The government-backed initiative gives priority to ex-regular servicemen and women who have served for a minimum of six years and to the surviving partners of military personnel who have died in service.

Homes available from Barratt under the FirstBuy scheme include properties at Copperfields at Widley.

Unveiling the FirstBuy scheme, housing minister Grant Shapps said: ‘If you have served in the military, that bravery will be recognised when it comes to housing.’

Barratt Homes said it will top up the offer for servicemen and women by giving them £500 of furniture vouchers for every £25,000 they spend on the house.